Is `Peak Car’ a Threat to Future Auto Innovation?

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Feb. 24 (Bloomberg) -- Bloomberg News’ Jeff Green and Matt Miller examine the problems involved with auto sales reaching “peak car” and what it could mean for the industry on Bloomberg Television’s “Market Makers.”

That means we have run out of oil.

What is peak car?

Automakers are figuring, what has happening will continue to happen, and what this report says and what a lot of people are inferring is, maybe 100 million is where it stalls out and we chug along, which still seems like a lot of cars, 80 million last year, but the problem is, they are sizing up, and there will be plants that have nothing to do, or not enough.

Obviously, the difference in peak oil in peak car -- automakers will continue to produce even if there are not able to buy those cars.

Like in europe.

Before the financial crisis, gm and ford were making as many cars as they could, and if they had extra, they would sell them to read of fleets, government agencies.

Essentially we are talking about saturation.

Yes, and when you look at where the growth will be, it will be mostly in mexico and the rest in markets where they have captive automakers where they want to take advantage of the growth.

The western world will continue to go after that growth, so it could continue content verse -- and you need to get worse.

The problem here is urban migration.

If you want carmakers to expand forever, urban migration is a bad thing.

50% of the global population is moving to a city, will have 9 billion people living in cities in 25 years.

It is a problem because they do not want cars.

But it is not like no one will drive.

They are sharing cars.

Much like the sharing economy is changing the way that we buy our automobiles, but we still use them.

There will still be 100 million cars, as iihs critics, but a lot of people are not even getting drivers licenses.

Right now, 70% of people have drivers licenses, and you do not have one.

What about technologies that promise to revolutionize the industry like hydrogen power or the self driving cars?

Couldn't that cut down on some of the traffic and pollution, which are clearly two of the obstacles to car buyers?

But it also cuts down on the need for everyone to have their car.

If you can go on and autonomous car, you probably do not need a personal card.

100 years ago they were having the same debate about the course in missions filling up the cities.

30 years later, there were no horses, so there could be another technology waiting out there.

I doubt there is a transporter, but there is something that we have not thought of yet.

Everyone is thinking about ways to get around conveniently, but the car has become less convenient.

The majority of new york city residents do not own a car.

You are proving my point to

This text has been automatically generated. It may not be 100% accurate.

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